The negative record caused by credit cards alone can still be remedied. In the case of paying off debts and recording bad credit card records, as long as you insist on repaying in full and on time for two years, your bad credit record will be eliminated and your personal credit will return to normal over time. If you have a bad credit record for non-personal reasons, you can ask the bank to issue a non-malicious debt certificate for yourself.
What credit problems will affect housing loans?
1, overdue repayment for three consecutive months or six times in two years: if this standard is met, it will be included in the bank's bad credit list, which will follow you for five years, during which the loan application will be affected, and the bank may raise the loan interest rate, reduce the loan amount or even directly reject your loan application.
2. Too many inquiries: If the frequency of "hard inquiry" on the credit report is too high, and the user has no record of successful loan or credit card issuance, it means that the person's property status is not good. 90% banks and financial institutions will refuse loans.
3. High debt: If the credit card overdraft is serious, the repayment of debt has exceeded the repayment ability of its income, and other banks will definitely refuse to lend when they see this high debt.
4. There are arrears and taxes in the public information: some cities will also record the overdue payment records of public utilities in the credit report. If the applicant owes water, electricity, gas, mobile phone communication fees, etc., it may be rejected by the bank seriously, or the buyer needs to increase the down payment ratio, or the bank raises the loan interest rate and reduces the loan amount.